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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Medical Office Space
520 New Castle St, New Wilmington, PA 16142-1446
Entity Owned
1-yr Hold
Free & Clear
Property ID
US73-3471543
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Total area
16,818 SF
Lot
5.1 ac (222,156 SF)
Zoning code
BRES
APN
18-034000
UPID
US73-3471543
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Beechwood Commons Apartments Apartment Building
-
The Grove at New Wilmington Nursing Home
-
Millennium Pharmacy Systems Pharmacy
-
Overlook Medical Clinic Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.99M
CAP Approach
CAP
$2.16M
Comparable Approach
Comparable
$2.77M
Blend (final)
Blend
$2.99M
Owner & transaction history
New Wilmington Property Management · 1 yrs held
New Wilmington Property Management
since 2024
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
BRES · New Wilmington, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Wilmington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,985,000
ML approach
$2,985,000
CAP Approach
CAP Return
Estimation
6%
$2,335,000
6.5%
$2,155,000
7%
$2,000,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,975,000
Current use
RESTAURANT
$1,900,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±10% · vs last sale $2.99M (Nov 22 2024)
Last sale anchor
$2.99M
Nov 22 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$45,831
Tax year 2023
Assessed value
$1,905,100
Assessed 2024
Previous assessed
$1,905,100
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$96,700
Assessed improvement
$1,808,400
Land market value
$96,700
Improvement market value
$1,808,400
Total market value
$1,905,100
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Heating
NONE
Stories
3
Total area
16,818 SF
Lot
5.1 ac (222,156 SF)
Zoning code
BRES
APN
18-034000
UPID
US73-3471543
Jurisdiction
LAWRENCE
Zoning & alternative use
BRES · New Wilmington, PA
Zoning BRES · permitted uses
BRES · New Wilmington, PA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Wilmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.0M
RESTAURANT
Est. value
$1.9M
MEDICAL BUILDING Current
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
3
Lot
5.1 ac
Current owner
From public records · entity-resolved
New Wilmington Property Management
Entity
Free & Clear · 1 yrs held
Mailing address
1800 ROCKAWAY AVE STE #200, HEWLETT, NY 11557-1668
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
$2,985,577
New Wilmington Property Management
Maybrook-c Overlook Propco LLC
Special Warranty Deed
—
Oct 2, 2024
—
Maybrook-c Overlook Propco LLC
—
Deed
related
$38,000,000 · Cibc Bank USA
Jun 6, 2018
—
Maybrook-c Overlook Propco LLC
—
Loan Modification
related
$114,700,000 · Cibc Bk USA
Aug 18, 2016
—
Maybrook-c Overlook Propco LLC
Overlook Nursing Center Associ
Quit Claim Deed
related
$101,975,000 · Privatebank & Tr
Jun 28, 2011
—
Overlook Nursing Center Assocs
—
Deed Of Trust
related
$86,600,000 · Capitalsource Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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